Commercial Bankruptcy Filings on the Rise Through and After COVID – The National Law Review

Thursday, July 22, 2021 Even prior to the global impact of COVID-19, commercial bankruptcy filings were already on the rise. As stay-at-home orders caused many businesses to close or significantly curtail operations in 2020, financial struggles in the commercial sector mounted. Government assistance through the passage of different stimulus programs such as the Coronavirus Aid,…

Greensill’s Downing St job helped promote his products, report says – The Australian Financial Review

Mr Greensill was recruited by a former colleague at Morgan Stanley, Jeremy Heywood, who by 2011 was back in government as cabinet secretary, the governments most senior mandarin. Lord Heywood died of cancer aged 57 in 2018. Mr Boardman said Lord Heywoods initial appointment of Mr Greensill for a three-month stint in early 2012 followed…

Greensill scandal probe labelled ‘whitewash’ after saying lobbying system largely ‘worked well’ – iNews

A Government-commissioned probe into the Greensill scandal has found that the lobbying system largely worked well, prompting accusations of a whitewash. The long-awaited 141-page report by Nigel Boardman was commissioned by Boris Johnson amid a lobbying controversy which had former prime minister David Cameron at its heart. The inquiry was launched in April after it…

IBBI amends norms: Resolution professional to provide opinion – The Indian Express

Resolution Professionals (RPs) managing the operations of distressed companies undergoing corporate insolvency proceedings will now be required to assess and report whether the company has completed any transactions to siphon off funds prior to insolvency proceedings. Under the Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016…

Lex Greensill Had “Extraordinarily Privileged” Relationship With Government, New Report Concludes – PoliticsHome

The Boardman Review has criticised the current lobbying transparency rules 3 min read2 hr A new report has criticised David Cameron over his role in the lobbying scandal and concluded Lex Greensill had “privileged” access to ministers. The review, commissioned by the Prime Minister, also found that businessman Lex Greensill had been given access to…

Chicken killers facing aged care accreditation revoked over not returning deposits to former residents in Victoria – The Weekly SOURCE

Two former bankrupt brothers convicted of appalling animal cruelty face having their aged care accreditation revoked over the failure of their aged care business in Victoria to return deposits to families of former residents. The Aged Care Quality and Safety Commission has ordered Chronos Care, which owns aged care homes in Alphington, 7km north-east of…